Zimmer Holdings, Inc. (ZMH) recently decided to raise $1 billion by selling its senior unsecured notes in an underwritten public offering in two separate transactions. The transactions involve selling $500.0 million of 4.625% notes due 2019 and $500.0 million of 5.75% notes due 2039. The public offering is expected to close on Nov 17, 2009.   Zimmer has already filed an automatic shelf registration statement on Form S-3 with the Securities and Exchange Commission for the public offer. Citigroup Global Markets Inc., a division of Citigroup, Inc. (C); Banc of America Securities LLC, a division of Bank of America Corp. (BAC); and J.P. Morgan Securities Inc., a division of JPMorgan Chase & Co. (JPM) are the active joint book-running managers of the offering. The offer will be made to the public through the prospectus.   The 2019 notes yield 118 basis points above the Treasury ...

Equinix, Inc., provider of global data center services, reported yesterday that it has reached a definitive agreement to acquire Switch & Data Facilities Company, Inc. (NASDAQ: SDXC), a leading provider of data center and Internet exchange services, for approximately $689 million in cash and stock. The acquisition represents a significant market expansion for Equinix and will expand the company’s market presence by adding 16 new markets across North America, including additional 34 data centers in 22 markets in the U.S. and Canada.

The combination of the two companies will further strengthen Equinix’s position in the global data center services market by extending the company’s presence to 16 new markets across North America. Equinix will integrate Switch and Data’s data center business and operations in the U.S. and Canada. It will also increase the Global presence of Equinix leaving the new combined entity with 79 data centers in 34 markets and more

...

AMB Property Corp. (AMB), a leading real estate investment trust (REIT), recently refinanced a $325 million unsecured term loan facility scheduled to mature in September 2010, and replaced it with a $345 million loan facility maturing in October 2012.   The refinancing has enabled AMB to include Euro and Yen multi-currency options in the loan facility. Furthermore, under the terms of the refinancing deal, AMB has the option to increase the loan facility to $425 million at any given point of time prior to October 2011.   With the recent transaction, AMB has strengthened its financial position and displayed its continued ability to tap the debt markets under the current credit-constrained market. The deal had J. P. Morgan Securities Inc. and Sumitomo Mitsui Banking Corp. as the lead arrangers and book managers. Engaged in investment banking activities in the U.S., J.P. Morgan Securities is the primary non-bank subsidiary ...

Following the closure of its initial public offering (IPO), RailAmerica has started trading under the ticker symbol “RA" on New York Stock Exchange since Tuesday.   RailAmerica, which filed for IPO in late July, had offered 10.5 million primary shares and 11.5 million secondary shares priced at $15 per share last week. It had expected them to price for between $16 and $18. The company intends to use the proceeds of $144 million from issuing 10.5 million primary shares for paying off debt and other corporate purposes.   The shares, which started trading on Tuesday, fell by approximately 8.2%. A number of private equity companies that unloaded their portfolio companies recently have realized gains less than expected.   Rail America is a portfolio company that was bought by Fortress Investment Group in February 2007 for $640 million. Fortress still retains 55.8% of the stock after the IPO. It has ...

Quanta Services Inc. (PWR) recently agreed to acquire privately held Price Gregory Services Inc., a leading natural gas and oil transmission pipeline infrastructure service provider in North America, in a cash and stock transaction valued at about $350 million.

According to the deal Quanta will issue approximately 11.1 million shares of common stock worth $250 million, and will pay nearly $100 million in cash, subject to adjustment, to Price Gregory shareholders.

Price Gregory is a leading energy infrastructure services provider of its kind, specializing in the construction of large diameter transmission pipelines. Building on Quanta’s strength in electric power business, this acquisition strongly positions the company as a leader in the North American energy transmission infrastructure market and will help it to take advantage of the positive long-term outlook for the natural gas industry.

Price Gregory had revenue of more than $1.41 billion and earnings before interest, taxes,

...

DrStockPick.com Stock Report!

Wednesday August 5, 2009

**************************************************************

SpongeTech(R) Delivery Systems, Inc. (”SpongeTech(R)”) “The Smarter Sponge(TM)”, (OTCBB: SPNG), announced today that the Company has signed a multi-year partnership agreement with the Tampa Bay Buccaneers. As the team’s newest Pewter Partner, SpongeTech(R) will focus primarily on exclusive marketing opportunities targeting Buccaneer fans across the Tampa Bay area.

Warren Resources, Inc. (Nasdaq:WRES) today announced its 2009 second quarter financial and operating results. The Company reported a net loss of $9.2 million, or $(0.16) per diluted common share, for the second quarter ended June 30, 2009. The second quarter results include a noncash unrealized mark-to-market loss of $9.8 million from oil and gas hedges entered into

...